New Issue: Collins & Aikman Floorcoverings $175 million yields 9 ¾%

By Paul A. Harris

St. Louis, Mo., Feb. 14 - Collins & Aikman Floorcoverings, Inc. priced $175 million of senior subordinated notes dues Feb. 15, 2010 (B2/B) Thursday at par to yield 9¾%, according to a syndicate official.

The offering was "multiple times over subscribed, and priced through the price talk" of 10%-10¼%, according to the source.

Joint bookrunners were Credit Suisse First Boston and Banc of America Securities. Co-managers were BNP Paribas, Fleet Securities and Wachovia Securities.

Proceeds from the Rule 144A notes will be used to repay debt, to fund future acquisitions and for general corporate purposes.

Issuer:	Collins & Aikman Floorcoverings, Inc.
Amount:	$175 million
Maturity:	Feb. 15, 2010
Type:	Senior subordinated notes
Bookrunners:	Credit Suisse First Boston, Banc of America Securities
Coupon:	9¾%
Price:	Par
Yield:	9¾%
Call features:	Callable on Feb. 15, 2006 at 104.875, 102.438, declining to par on Feb. 15, 2008 and thereafter
Equity clawback:	Until Feb. 15, 2005 at 35% for 109.75
Settlement date:	Feb. 20 (T+3)
Ratings:	Moody's: B2
	Standard & Poor's: B
Rule 144A Cusip:	19483NAD7

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